Wealthcare Advisory Partners LLC Buys New Stake in ProShares Ultra S&P500 $SSO

Wealthcare Advisory Partners LLC bought a new position in shares of ProShares Ultra S&P500 (NYSEARCA:SSO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 95,918 shares of the real estate investment trust’s stock, valued at approximately $5,556,000. Wealthcare Advisory Partners LLC owned about 0.07% of ProShares Ultra S&P500 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SSO. Marshall Financial Group LLC lifted its position in shares of ProShares Ultra S&P500 by 64.1% during the 4th quarter. Marshall Financial Group LLC now owns 104,822 shares of the real estate investment trust’s stock worth $6,071,000 after purchasing an additional 40,962 shares during the last quarter. Evolution Wealth Advisors LLC increased its position in ProShares Ultra S&P500 by 100.5% in the 4th quarter. Evolution Wealth Advisors LLC now owns 23,126 shares of the real estate investment trust’s stock worth $1,339,000 after buying an additional 11,594 shares during the period. Main Street Group LTD increased its position in ProShares Ultra S&P500 by 3.1% in the 3rd quarter. Main Street Group LTD now owns 598,699 shares of the real estate investment trust’s stock worth $67,132,000 after buying an additional 17,929 shares during the period. PMV Capital Advisers LLC lifted its holdings in shares of ProShares Ultra S&P500 by 155.0% during the fourth quarter. PMV Capital Advisers LLC now owns 41,877 shares of the real estate investment trust’s stock worth $2,426,000 after buying an additional 25,454 shares during the last quarter. Finally, Unique Wealth LLC boosted its position in shares of ProShares Ultra S&P500 by 98.9% in the fourth quarter. Unique Wealth LLC now owns 107,849 shares of the real estate investment trust’s stock valued at $6,247,000 after acquiring an additional 53,624 shares during the period.

ProShares Ultra S&P500 Trading Down 3.5%

Shares of SSO stock opened at $49.38 on Friday. The firm has a market capitalization of $6.50 billion, a P/E ratio of 24.25 and a beta of 2.01. ProShares Ultra S&P500 has a 1 year low of $30.42 and a 1 year high of $60.37. The firm’s fifty day simple moving average is $56.98 and its 200 day simple moving average is $57.11.

ProShares Ultra S&P500 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Wednesday, March 25th will be issued a dividend of $0.1138 per share. The ex-dividend date is Wednesday, March 25th. This represents a $0.46 annualized dividend and a dividend yield of 0.9%.

ProShares Ultra S&P500 Profile

ProShares Ultra S&P500 (the Fund), formerly Ultra S&P500 ProShares, seeks daily investment results that correspond to twice (200%) the daily performance of the S&P 500 Index. The S&P 500 Index is a measure of large-cap United States stock market performance. It is a float-adjusted market capitalization weighted index of 500 United States operating companies and real estate investment trusts (REITs) selected by the S&P U.S. Index Committee through a non-mechanical process that factors criteria, such as liquidity, price, market capitalization and financial viability.